Ollie’s Bargain Outlet (NASDAQ:OLLI) Raised to Hold at StockNews.com

Ollie’s Bargain Outlet (NASDAQ:OLLI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Several other research firms also recently weighed in on OLLI. Truist Financial upped their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Piper Sandler restated an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. JPMorgan Chase & Co. lowered their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, Royal Bank of Canada upped their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus price target of $104.92.

Ollie’s Bargain Outlet Trading Down 1.5 %

NASDAQ OLLI traded down $1.44 on Monday, hitting $94.65. 1,194,531 shares of the company were exchanged, compared to its average volume of 1,035,444. The company has a market cap of $5.79 billion, a PE ratio of 29.86, a PEG ratio of 2.34 and a beta of 0.84. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $104.98. The stock has a fifty day moving average of $94.79 and a 200-day moving average of $88.58.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. Ollie’s Bargain Outlet’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. On average, analysts expect that Ollie’s Bargain Outlet will post 3.28 earnings per share for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the transaction, the senior vice president now owns 10,610 shares in the company, valued at $1,050,283.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the transaction, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Der Valk Eric Van sold 7,479 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the completion of the transaction, the president now owns 5,615 shares of the company’s stock, valued at $563,296.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,632 shares of company stock worth $2,459,421. Insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of large investors have recently modified their holdings of OLLI. International Assets Investment Management LLC bought a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $25,000. ORG Partners LLC purchased a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $28,000. Opal Wealth Advisors LLC purchased a new stake in Ollie’s Bargain Outlet in the second quarter valued at approximately $31,000. Crewe Advisors LLC purchased a new stake in Ollie’s Bargain Outlet in the second quarter valued at approximately $36,000. Finally, Versant Capital Management Inc purchased a new stake in Ollie’s Bargain Outlet in the second quarter valued at approximately $38,000.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.